Quarry
This query is : Resolved
Parth Pandya
(Querist)
13 June 2014
In a proprietory firm, can proprietor avoid depreciation on a building???
Nikhil Kaushik
(Expert)
13 June 2014
no friend...you cannot. rather, even if you dont claim depreciation on the assets, AO shall provide for the same regardless of your claims
Parth Pandya
(Querist)
13 June 2014
Sir I m talking about a small treading firm
With turnover near rs 60-70 lakhs
With turnover near rs 60-70 lakhs
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